Proceedings of the 2016 2nd International Conference on Education Technology, Management and Humanities Science

Study on the Effect of China's Interest Rate Policies on the Return of Stock Market

Authors
Xin Lin, YiZhou Tang
Corresponding Author
Xin Lin
Available Online January 2016.
DOI
10.2991/etmhs-16.2016.106How to use a DOI?
Keywords
Interest rate policy; rate of return; China's stock market; nonparametric tests; event study
Abstract

Analyzing the impact of the interest rate policies performed by the China’s central bank on the rate of return of China's stock market, this paper intends to test the effectiveness of the monetary policies. Based on the method of event study and nonparametric test, 24 events of interest rate adjustment from 1993 to 2014 are studied. The results demonstrate that the interest rate policies have no systematic and significant effect on the return rate of China's stock market, which also indicate that the mechanism of how monetary policy and the stock market affect each other is not perfect.

Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2016 2nd International Conference on Education Technology, Management and Humanities Science
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2016
ISBN
10.2991/etmhs-16.2016.106
ISSN
2352-5398
DOI
10.2991/etmhs-16.2016.106How to use a DOI?
Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Xin Lin
AU  - YiZhou Tang
PY  - 2016/01
DA  - 2016/01
TI  - Study on the Effect of China's Interest Rate Policies on the Return of Stock Market
BT  - Proceedings of the 2016 2nd International Conference on Education Technology, Management and Humanities Science
PB  - Atlantis Press
SP  - 480
EP  - 484
SN  - 2352-5398
UR  - https://doi.org/10.2991/etmhs-16.2016.106
DO  - 10.2991/etmhs-16.2016.106
ID  - Lin2016/01
ER  -